June 23, 2022
Businesses can avail flexible loan repayment facility up to Dec
Large industries, SMEs and the flood-hit agriculture sector will enjoy a flexible loan repayment facility up to December this year as Bangladesh Bank yesterday revived the partial loan moratorium amid a deepening economic crisis.
June 22, 2022
Govt’s borrowing from banks spikes
Government borrowing from banking sources has gone up significantly this month as it is now on a spending spree to materialise different development and non-development programmes by the time this fiscal year ends.
June 21, 2022
Fighting inflation: BB treads a tight rope
A key role of central banks is to conduct monetary policy to achieve price stability and help attain targeted economic growth.
June 20, 2022
Midland Bank strengthening digital banking
Midland Bank has focused on further strengthening its digital banking means instead of expanding its network of branches aggressively so as to attract more tech-savvy clients, said Managing Director Md Ahsan-uz Zaman.
June 19, 2022
IIDFC fined Tk 31 lakh
Bangladesh Bank has imposed a fine of Tk 31 lakh on the Industrial and Infrastructure Development Finance Company (IIDFC) for violating the central bank’s rules for non-bank financial institutions (NBFIs) over renting and decorating branches.
June 14, 2022
Taka falls again
The currency of Bangladesh has depreciated further against the US dollar, hitting Tk 92.50 on the interbank platform yesterday.
June 10, 2022
Subsidy allocation: 54pc rise proposed
The government has proposed an allocation of Tk 82,745 crore to run its subsidy programme for 2022-23, an increase of 53.7 percent from this fiscal year’s original outlay, creating a challenge to macroeconomic stability.
June 9, 2022
Tk 5,000 crore fund to manage shocks of natural disasters
Finance Minister AHM Mustafa Kamal today proposed allocating Tk 5,000 crore as the ‘Fund for managing the shocks of natural disasters’ in the upcoming 2022-23 fiscal year.
June 9, 2022
Social safety net allocation to rise 5.5%
Finance Minister AHM Mustafa Kamal today proposed increasing the allocation by 5.5 per cent year-on-year for social safety net programmes carried out by the government.
June 9, 2022
Hefty subsidy to create challenge for budget management: Kamal
A hefty amount of subsidy allocated by the government to offset the price increases in the global market may pose a challenge in the budget management for the next fiscal year, said Finance Minister AHM Mustafa Kamal today.